03/30/2015
Bank Nizwa poised for growth; loss decreases by 37%
Bank Nizwa closed the year ending on December 31, 2014 on solid ground recording a gross revenue growth of 163 per cent from the previous year
Wealth & Asset Management
03/29/2015
Gulf Bank AGM approves 2014 results
Gulf Bank held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel Kuwait and approved the company's audited financial results for the year ended Dec 31 2014
03/29/2015
Noor Bank Annual Profit Jumps to Record
Noor Bank today reported a record net profit of AED678.1 million for 2014
03/27/2015
Jordan Islamic Bank posts net profit of $63.6m
Its assets had risen to BD3.86 billion by the end of December 2014, compared with BD3.52 billion at end of 2013, an increase of 9.4 per cent.
03/25/2015
Al Baraka Banking Group net profit up 7% to $275m in 2014
Al Baraka Banking Group held its Ordinary and Extra-ordinary General Meetings on 23rd March 2015 in Manama, the capital of the Kingdom of Bahrain. The Group's shareholders reviewed in relation to the financial year ended 31 December 2014 the report o
03/24/2015
DFM bounces back with 2.2% gain
The company also topped the market in terms of value traded, accounting for 28.5 per cent.
03/19/2015
Qatar's Ooredoo expects revenue to fall in 2015
The bank expects the operator's 2015 annual net profit to fall to 1.83 billion riyals
03/19/2015
Egypt's EFG Hermes returns to profit on investment bank expansion
The bank said net profit after tax and minority interest for the fourth quarter was up 30 percent year-on-year to 131 million pounds.
03/18/2015
Qatar-based banks post strongest growth in total assets in Q4, 2014
Qatar Central Bank Governor H E Sheikh Abdullah bin Saud Al Thani recently disclosed that for the first time the combined assets of Qatar banks have crossed the one trillion Qatari riyal threshold (in full-year 2014).
03/15/2015
Alkhabeer Capital's net profit increases by 32% in 2014
At the end of December 2014, total assets under management had grown by 34% to SAR 3.3 billion, while the market value of Alkhabeer's investment portfolio increased by 5.7% to SAR 709 million.
03/15/2015
Dunia Group reports record full year profit
Tight process control and a strategic focus on risk management underpinned dunia's performance
03/11/2015
Dubai's Amlak posts 2014 profit rise on debt restructuring
Dubai-based Islamic mortgage lender Amlak Finance posted a 22 percent rise in attributable net profit for 2014
03/10/2015
HSBC in Last Place Puts Focus on Foreign Banks in Turkey
The figures cover all lenders except for the four that operate by Islamic principles.
03/10/2015
Bank Albilad grows rapidly with 117 network of branches
The CEO of Bank Albilad noted the increase in the number of clients, the rapidly increasing size of clients’ deposits which amounted to over SR36 billion at the end of the 4th quarter of 2014
03/10/2015
Gulf Bank moving toward a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company’s audited financial results for the year ended 31 December 2014.
03/10/2015
Israel's Bank Hapoalim profit dips on provision for U.S. tax probe
Hapoalim on Tuesday posted fourth-quarter net profit of 478 million shekels ($119 million), compared with 633 million a year earlier and below expectations of 615 million in a Reuters poll.
03/10/2015
Oman’s Bank Dhofar Cuts Proposed Cash Dividend On Central Bank Advice
The bank did not explain the reasoning behind the recommendation
03/09/2015
Gulf Bank moving towards a new path after completing its recovery
Gulf Bank today held its Annual General Meeting and Extraordinary General Meeting at the Jumeirah Hotel, Kuwait and approved the company's audited financial results for the year ended 31 December 2014.
03/09/2015
KAMCO Records KD 1.96m Profit
AUM Growth At 23% In 2014
03/09/2015
Israel Discount Bank profit down on one-off items
Israel Discount Bank reported a sharp drop in fourth-quarter profit due to non-recurring items, in line with last month's profit warning, but underlying fundamentals were strong.